BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Hits New 52-Week Low – Should You Sell?

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $49.53 and last traded at $49.56, with a volume of 1927 shares changing hands. The stock had previously closed at $49.71.

BNY Mellon Ultra Short Income ETF Stock Performance

The company has a fifty day moving average of $49.66 and a 200-day moving average of $49.72.

BNY Mellon Ultra Short Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.1588 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%.

Institutional Investors Weigh In On BNY Mellon Ultra Short Income ETF

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new position in BNY Mellon Ultra Short Income ETF during the second quarter valued at approximately $31,000. Raymond James Financial Inc. bought a new stake in BNY Mellon Ultra Short Income ETF in the second quarter worth approximately $138,000. Krilogy Financial LLC acquired a new position in shares of BNY Mellon Ultra Short Income ETF during the 1st quarter worth $397,000. Goldman Sachs Group Inc. acquired a new position in shares of BNY Mellon Ultra Short Income ETF during the 4th quarter worth $558,000. Finally, Private Advisor Group LLC acquired a new position in shares of BNY Mellon Ultra Short Income ETF during the 3rd quarter worth $832,000.

About BNY Mellon Ultra Short Income ETF

The BNY Mellon Ultra Short Income ETF (BKUI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed portfolio of investment-grade, USD-denominated fixed income securities with an ultra-short effective duration. The fund aims for high income and low volatility. BKUI was launched on Aug 9, 2021 and is managed by BNY Mellon.